2010 Component Unit Financial Statements - Regional ...

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REGIONAL TRANSPORTATION COMMISSION OF SOUTHERN NEVADA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF FUNDING PROGRESS, OTHER POSTEMPLOYMENT BENEFITS FOR THE YEAR ENDED JUNE 30, 2010 Actuarial Valuation Date Actuarial Value of Assets (a) Actuarial Accrued Liability (AAL)- Entry Age (b) Unfunded AAL (UAAL) (b-a) Funded Ratio (a/b) Covered Payroll (c) UAAL as a percentage of covered payroll ((b-a)/c) County Plan June 30, 2006 $0 $5,007,082 $5,007,082 0.0% $16,577,905 30.2% July 1, 2008 0 6,633,463 6,633,463 0.0% 17,076,022 38.8% PEBP June 30, 2006 0 1,046,677 1,046,677 0.0% 16,577,905 6.3% July 1, 2008 0 864,895 864,895 0.0% N/A* N/A* * PEBP is a closed plan; and therefore, there are no current employees covered by the PEBP. 49
REGIONAL TRANSPORTATION COMMISSION OF SOUTHERN NEVADA REGIONAL TRANSPORTATION COMMISSION FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2010 (WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2009) REVENUES Intergovernmental revenue: Federal and state grants 3,832,000 2010 2009 Original Budget Final Budget Actual Variance Actual $ $ 3,832,000 $ 4,015,147 $ 183,147 $ 4,675,267 Interest 125,000 125,000 81,398 (43,602) 156,860 Other 815,500 815,500 2,243,621 1,428,121 1,130,052 Total revenues 4,772,500 4,772,500 6,340,166 1,567,666 5,962,179 EXPENDITURES Current: Salaries and wages 11,001,418 11,001,418 10,373,951 (627,467) 10,134,907 Employee benefits 3,907,390 3,907,390 3,649,833 (257,557) 3,461,027 Services and supplies 13,980,952 13,980,952 10,631,931 (3,349,021) 12,495,047 Capital outlay and intergovernmental capital grants 480,000 480,000 266,710 (213,290) 394,265 Total expenditures 29,369,760 29,369,760 24,922,425 (4,447,335) 26,485,246 OTHER FINANCING SOURCES Transfers in 25,201,810 25,201,810 21,339,310 (3,862,500) 24,266,495 CHANGE IN FUND BALANCES 604,550 604,550 2,757,051 2,152,501 3,743,428 Fund balances - beginning as previously reported 2,628,464 2,628,464 5,550,922 2,922,458 1,975,990 Prior period adjustment (168,496) Fund balances - as restated 2,628,464 2,628,464 5,550,922 2,922,458 1,807,494 Fund balances - ending $ 3,233,014 $ 3,233,014 $ 8,307,972 $ 5,074,958 $ 5,550,922 50
Page 1 and 2:
R E G I O N A L T R A N S P O R T A
Page 3 and 4:
REGIONAL TRANSPORTATION COMMISSION
Page 5 and 6: R E G I O N A L T R A N S P O R T A
Page 8 and 9: MANAGEMENT’S DISCUSSION AND ANALY
Page 10 and 11: Restricted net assets are comprised
Page 12 and 13: REVENUES The following chart shows
Page 14 and 15: The RTC debt management policy stip
Page 16 and 17: BASIC FINANCIAL STATEMENTS
Page 18 and 19: REGIONAL TRANSPORTATION COMMISSION
Page 66: REGIONAL TRANSPORTATION COMMISSION
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